Amounts
due from related parties consisted of the following:
SCHEDULE
OF AMOUNT DUE FROM RELATED PARTIES
| | |
As of June 30, 2026 | | |
As of December 31, 2025 | |
| | |
$’000 | | |
$’000 | |
| | |
| | |
| |
| Due from related parties # | |
| | | |
| | |
| - Soon Aik Global Pte. Ltd.(1) | |
| 2,897 | | |
| 2,947 | |
| - Fleetzone Autoparts (M) Sdn Bhd(1) | |
| - | | |
| 211 | |
| - EU Group Pte. Ltd.(3) | |
| 502 | | |
| 194 | |
| - Kiwami Corporation(2) | |
| 1 | | |
| 1 | |
| | |
| | | |
| | |
| Due from related parties | |
| 3,195 | | |
| 3,353 | |
#
The related parties of the Company are as follows:
| |
(1) |
Soon
Aik as the controlling shareholder of the Company and Fleetzone Autoparts (M) Sdn Bhd is the 100.0%
subsidiary of Soon Aik. |
| |
(2) |
CE
Neo is the sole owner of Soon Aik Holdings Pte. Ltd. (“SA Holdings”) and N-United Pte. Ltd. (“N-United”).
SA Holdings is the parent entity of Spare-Parts Zone (Australia) Pty Ltd, and Branded Filters Pty Ltd, and an associated entity with
Oceania Power & Solutions Pty Ltd. in Australia. N-United is the parent entity of PT Heavy Machindo Diesel in Indonesia and Kiwami
Corporation in Japan. |
| |
(3) |
Jimmy
Neo owns a 50.0% equity stake in EU Holdings Pte. Ltd., which in turn is the parent entity of EU Group Pte. Ltd. and Jurong Barrels
& Drums Industries Pte. Ltd.. |
|